Three out of four Brits consider new job or career change as cost of living crisis messes up their lives April 4, 2022 New research shared with City A.M. this morning suggests that a record three out of four workers are considering a new job because of the cost-of-living crisis. Jobs site CV-Library said its study indicated that pay was now the main driver for people thinking of finding different work. Its survey of more than 4,000 professional [...]
Automation and decarbonisation could further deepen poverty in London March 14, 2022 Increasing automation and a move to a greener economy could further deepen inequality in the capital post-pandemic. The gap between’s London’s poorest and richest widened during coronavirus, with people claiming unemployment benefit substantially above the national average. As companies seek to recoup lost profits from the pandemic, many are turning to automation of roles, thanks [...]
Four in ten Brits consider job change to counter higher cost of living and rising inflation March 11, 2022 Almost forty per cent of people polled this week have considered changing jobs to counter rising inflation and costs of living. Pressures are showing on people’s wages and mental health, with leading employment board Totaljobs urging employers to support their workers through difficult financial times. In a survey published this week, 37 per cent of [...]
UK-based Chinese companies suffered from global instability last year, new research shows February 25, 2022 Revenues generated by Chinese companies working in Britain have dropped by almost a third, due to global instability and the impacts of Covid-19, according to new research. Chinese companies employed 61,000 UK residents contributed £63bn to the British economy in 2021, according to new figures from the Tou Ying Tracker. The £63bn in revenues generated [...]
Influx of foreigners: Rapid rise in hiring and relocating overseas talent to the UK due to severe shortage of job candidates February 23, 2022 A severe shortage of job candidates in the UK is fuelling a rapid rise in the number of British employers seeking out international talent to fill their vacancies and offering them more support in their move to a new country and city. Relocation platform PerchPeek told City A.M. this morning that it has seen a 327 per cent [...]
Less time but no pay cut: Wales looking to introduce four day work week February 15, 2022 The Welsh government is mulling to embrace a four day work week for most employees across the British nation. According to Sophie Howe, who is Wales’ future generations commissioner, a shorter work week at full pay would lead to a healthier work-life balance and give productivity a boost, as well as creating 38,000 new jobs [...]
‘Outdated recruitment practices’ exclude job seekers with disability, criminal record or older workers February 10, 2022 Outdated recruitment practices should be addressed to tap into more diverse pools of talent, including those who are disabled, have prior criminal convictions and younger and older workers, according to an industry group. The call to action issued by Business in the Community (BITC) comes as analysis shows that there are 3.1m people in the [...]
UK government shakes up Universal Credit in bid to tackle labour shortages, as vacancies hit record highs January 27, 2022 The UK government has said that unemployed people will be expected to look for any sort of work, within weeks of first claiming Universal Credit, if they are unable to find a job in their previous occupation. In an effort to move half a million people into employment by the end of June, the government [...]
Four-day working week pilot launches in UK with 100-80-100 model: Full pay and productivity but 80 per cent of the time January 22, 2022 A four-day working week six-month pilot programme has been launched today in the UK. Participating companies and organisations will trial a four-day week with no loss in pay for employees based on the principle of the 100:80:100 model. This entails 100 per cent of the pay for 80 per cent of the time, in exchange [...]
Four-day working week deemed as antidote to ‘great resignation’ wave January 19, 2022 The four-day working week could the be solution to the post-pandemic ‘great resignation’ wave, according to research from cloud talent creators Revolent Group. The study has shown that 33 per cent of employees expect to leave their employer within the next year, with 28 per cent of them resigning because of work-life balance. More than [...]